Selectica (SLTC) Tops Q1 EPS by 4c

Selectica (NASDAQ: SLTC) reported Q1 EPS of ($0.19), $0.04 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $6.2 million versus the consensus estimate of $6.56 million.

"I am very pleased to see the significant growth in both Q1 FY2016 new business volume and customer expansion as well as the diversity of new solutions across industry verticals. This was a very strong sales quarter for the company -- the pipeline and deal flow were very robust in Q1 and we anticipate seeing continued incremental growth as we move throughout the fiscal year," said Patrick Stakenas, President and CEO of Selectica. "As we look forward to integrating our new procure-to-pay capabilities, obtained through the b-pack acquisition, I anticipate both the volume and size of the deal flow to benefit from these new capabilities."

For earnings history and earnings-related data on Selectica (SLTC) click here.

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